I understand the above logic when in back test. However, I wonder what's the behavior of the buy/sell order when it is sent to broker. Is the order sent out to broker will be expired after the next bar close? (A timeout parameter has been sent out with the order by broker's API through Multicharts).An order is executed at the point specified by the parameters; if the order is not filled within the specified bar, the order is cancelled.
I also notice the following options in auto trade tab, "Unfilled Strategy Order Replacement" and "Partially Filled Orders Replacement". If I do not want the buy/sell order expire on the broker side, I was suggested to set these two options. Right?
Thanks.